Optal - a WEX company

Originally founded as PSP International in 2007 and later rebranded to Optal in 2016, the company established itself as a leader in the B2B payments space, particularly within the travel industry. Its core offering is the use of Virtual Account Numbers (VANs) to create secure, efficient, and data-rich payment processes for businesses paying their suppliers. In July 2021, WEX Inc., a global leader in financial technology solutions, completed its acquisition of Optal and its partner company, eNett. Optal's technology and operations have since been absorbed into WEX's broader Corporate Payments and Travel solutions portfolio, enhancing WEX's global B2B payment capabilities.